Happy Friday! The TechCrunch crew is still in a modest period of repose thanks to the Thanksgiving holiday, but we wanted you to have numbers to chew on all the same. So, this morning, we’re taking a brief look at Samsara’s IPO filing.
The Exchange explores startups, markets and money.
You may have heard of Samsara. Founded in 2015, it’s raised more than $900 million during its life as a private company, per Crunchbase data, including a simply massive $700 million round in 2020 that valued Samsara at $5.4 billion.
Big bucks for a young company, yes, but does it have the results to back them up?
What does Samsara do?
If you are new to a company, reading its IPO filing is always good fun. You get to play a very diverting game — Can the Company Actually Explain What It Does? Most companies cannot.
It seems, in many cases, that after seventy-eleven rounds of edits between lawyers, bankers, comms staff, PR pros and executives, how most companies talk about themselves when they go public has been reduced to a lukewarm stew of corporate gibberish.
Thankfully, this is not the case with Samsara. Its business is actually pretty easy to understand.